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Manchester Seeks India's Fastest Growing Digital Companies

24th November 2017

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MediaCityUK

Manchester UK is seeking India’s fastest growing digital companies to join its world-class ecosystem, the second largest in the UK, as part of the Deloitte Technology Fast 50 - the contest which recognises India’s emerging and most dynamic tech businesses.

Europe’s top city for business competitiveness, Manchester will visit some of India’s key IT hubs to attract India’s top firms to the North of England and build new and existing relationships within the market. As a critical market for Indian investors, Manchester will also showcase its strengths in digital excellence.

To interact with top performing companies in India’s thriving IT sector, MIDAS, Manchester’s inward investment agency and Deloitte India, will host sessions with  Deloitte India’s 2017 Technology Fast50 winners in the National Capital Region (27 November), Mumbai (28 November), Chennai (30 November) and Bangalore (1 December).

MIDAS is also offering five of Deloitte’s 2017 Technology Fast 50 winners the opportunity to win a Manchester establishment support package worth over ₹1m. The prize also includes complimentary flights to Manchester in April 2018 and three night’s deluxe accommodation.

Establishment packages are also available to other Indian tech companies interested in setting up a Manchester operation. 

Manchester has a strong digital infrastructure and has the UK’s second highest proportion of tech companies wanting to establish themselves in one of the city region’s flourishing hubs including MediaCityUK. At the heart of the UK’s ‘Northern Powerhouse’, Manchester is driving innovation across the region and is an ideal business and trade destination for Indian companies to get a foothold in the UK marketplace. 

Home to HCL Technologies, Hero Cycles, Aegis and the 2016 winner of the Deloitte Fast 50 contest, 42Gears, Manchester has established itself as a choice business destination for Indian companies. 

Rajiv Sundar, Partner, Deloitte India, said: “The Technology Fast 50 program recognizes the fastest growing technology businesses in India based on their percentage revenue growth over the past three financial years. It is a recognition of both their growth and ambition.

“It is a pleasure that MIDAS has decided to continue its association with our program Tech Fast50 for the second consecutive year and is hosting interaction events for Deloitte’s Technology Fast50 2017 winners.  We hope that these interactive sessions will allow our winners to network with their peers and explore global and domestic opportunities.”

India is central to Manchester’s highly successful Internationalisation Strategy, intended to strengthen relations and create further bilateral trade opportunities. A key element of the Strategy is the ‘Make in IndiaInnovate with Manchester’ initiative, aimed at matching Manchester’s world-class science and innovation capability with Indian industry and academia.

Dan Storer, Director, Business Development, MIDAS, said: “The Deloitte Fast 50 is an effective way for Manchester to promote its world-class digital and technology offer and attract some of India’s most exciting high growth companies. With the support of our partners, this year’s Manchester establishment package promises to be bigger and better.

“Manchester’s digital and technology cluster is already one Europe’s most significant centres and provides the ideal environment for Indian high-growth companies to thrive. Deloitte Fast50 Winners will have the opportunity to work alongside tech industry giants such as IBM, Microsoft and Cisco.

“Like 42Gears, we welcome Indian tech companies with a desire to enhance Manchester’s digital ecosystem and by expanding into the UK, take advantage of national and international market opportunities.”

The Manchester city region is a great place to live, study, visit and work and is always seeking ways to do business with creative, digital and tech sector investors from the international community.

42Gears specialise in mobile software for professional use. Over 7,000 companies in over 105 countries around the world use 42Gears’ Enterprise Mobility Management (EMM) solution for deployment of mobile applications on devices such as tablets, smartphones, rugged devices, laptops and smartwears.

Kaushik Sindhu, Associate Vice President, Head of 42Gears EU/UK, said: “Winning the 2016 Deloitte Fast 50 contest presented a great international opportunity for our company and Manchester is an exciting city to do business. Within the first few months of being established in Manchester, 42Gears has been introduced to key businesses, academic and have attended a series or networking events organised by MIDAS.”

- ENDS -

Notes to editors

Manchester’s Establishment Package Competition

The competition is open to all Deloitte Fast 50 winners. Five winners will receive complimentary flights to Manchester in April 2018 and three night’s deluxe accommodation. During their time in Manchester, the winners will experience a tailored business programme comprising a tour of the city’s tech ecosystem, networking opportunities with UK businesses and thought leaders, as well as practical sessions exploring how to establish a business in the city.

The five winners will also have the opportunity to win a gold or silver Manchester establishment package:

Gold package – (three prizes) up to 6 months free serviced office or co-working space in a key location across the city. The prize also includes IP, talent and recruitment support; 6 months free access to the chamber of commerce and half-price travel for one month.

Silver package – (two prizes) up to 3 months free serviced office or co-working space in a key location across the city. The prize also includes IP, talent and recruitment support; discounted membership to the chamber of commerce and half-price travel for one month.

For more information about the Manchester Establishment Package visit https://www.investinmanchester.com/India

To schedule a meeting with MIDAS at one of the events listed below or to make alternative arrangements, email Ghanshyam.Nabar@Midas.org.uk or Sobithan.Sekar@Midas.org.uk:

  • Monday 27 November - National Capital Region
  • Tuesday 28 November - Mumbai
  • Thursday 30 November -  Chennai
  • Friday 1 December - Bangalore

About Deloitte Technology Fast 50

The Technology Fast 50 India program, which was launched in 2005, and in its thirteenth year now, is conducted by Deloitte Touche Tohmatsu India LLP (DTTILLP), and is part of a truly integrated Asia Pacific program recognizing India’s fastest growing and most dynamic technology businesses (public and private companies). The program recognizes the fastest growing technology businesses in India based on their percentage revenue growth over the past three financial years.

About MIDAS

MIDAS is Manchester’s inward investment agency and its role is to attract new investment and employment to Greater Manchester.

MIDAS, which is part of The Growth Company, undertakes targeted lead generation campaigns that promote the region’s key sectors to national and international markets, using a strong research base to determine both the companies targeted and the development of the propositions by which they market the city region. They work closely with potential investors and deliver a free package of sector-specific, tailor-made and confidential advice.

Working in partnership with the ten local authorities of Greater Manchester, MIDAS provides services such as relocation support, assistance in finding property solutions and advice on recruitment and training as well as assistance with securing grants.

For more information on MIDAS please visit www.investinmanchester.com

Follow MIDAS on Twitter: @Midas_MCR   

Contact the MIDAS press office on 0161 245 4820 or email

Valerie.Essien@marketingmanchester.com

About The Growth Company

The Growth Company is a UK-wide not-for-profit economic development agency that seeks to generate inclusive growth in the country’s economy by creating jobs, and improving lives. It offers a wealth of services that support growth among individuals, businesses, cities and regions. For more information, please visit www.growthco.uk

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